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  • Whats up everyone its Austin over here at the crypto playhouse and i have another hardware

  • wallet review for you.

  • And i have to say I think this one might actually by my favorite to date.

  • Were looking at the Ellipal today, which is kind of a whole new breed of hardware wallet.

  • It is a little bit larger of a device which is probably my one single gripe with it.

  • But this thing is killer.

  • It's got a touchscreen, you've got you're charge port up here, it actually has a camera;

  • were gonna dive in and take a look at why it has that.

  • And this device is, so far, just phenomenal.

  • It supports bitcoin, ethereum, litecoin, a number of other small cap coins and erc 20

  • transactions.

  • It has a very very unique kind of interaction method for signing transactions.

  • It's the first device I've seen that kind of takes this route and its really really

  • an interesting device.

  • The build quality is incredible it's very sturdy it's got an aluminum unibody.

  • It actually does have a removable back for, you have your SD card here for updates and

  • it does have a removable and replaceable battery.

  • This is definitely the most effort I've seen put into a crypto hardware wallet to date,

  • and it was actually crowdfunded through kickstarter, that's another kind of interesting factor.

  • So people were definitely all about the idea and now that the product has been delivered

  • I have to say, you know they really came through.

  • So we're gonna dive in, get up close, take a look at the device, see how the transactions

  • work and yeah!

  • Okay, so you do have your app and the device itself so this is where you come from the

  • setup.

  • I did already run through the basics of this just putting in the account name and password.

  • So my big gripe with the last device that i reviewed, the Temexe was that the keys were

  • generated on the phone apparently instead of the device and your mnemonic phrase showed

  • up which just kind of completely negates your security.

  • And luckily we do not have that issue with the Ellipal here.

  • So were just going to create the account on the device itself.

  • Give it a moment to do that, and its generating your keys.

  • I am doing this as a test so I'm just going to show these mnemonics here.

  • It's going to ask you to confirm that you understand that your mnemonic phrase is them

  • end all be all to your crypto assets.

  • And here we are.

  • So you've got your mnemonic phrase here, and just going to hit next and its actually

  • going to make me verify, so give me one moment I'm going to verify this and well come back

  • to the video.

  • Okay, so as you can see, backup successful.

  • We backed up our mnemonic, and here you will see your different choices for the coins to

  • add, were just going to add them all right now, because why not.

  • Alright so now we want to of course connect the actual app so that we can send transactions

  • and whatnot..

  • So were going to connect to cold wallet.

  • And this is where i think it is very kind of different and cool.

  • So we're going to connect here.

  • And you'll see here that it has six different QR codes.

  • Now they don't give any specific explanations for this but my assumption is that when you

  • log into the cold wallet you're basically signing a QR codes for each of the different

  • blockchain types.

  • So although we have more than six coins, bitcoin and bitcoin cash obviously are off the same

  • chain, Ethereum and Erc20s are off the same chain, so we get six codes.

  • So anyways, were gonna go, connect to cold wallet, and here we are.

  • So we're gonna scan...And six.

  • Now obviously if you're only using it for bitcoin or Ethereum you only have to go through

  • one or two of those.

  • So anyway here is the general layout.

  • You can see on the device itself, you've got access to all these.

  • And this is where you do your signing from.

  • You have to enter your password in there.

  • And over here is where you really make the transactions and kind of set things up.

  • So let's take a look at bitcoin cash, so you can see there, you have the address itself,

  • you have the price and you can receive.

  • And there you go, you get your QR code and anyone can send to you via the QR code.

  • And you can also send, obviously you have your amount, recipient address.

  • And one of the things that i really really like about this is it lets you choose your

  • transaction fee.

  • Its seems like a minor thing but with most of the wallets I've used if that feature

  • is available its a little bit complicated, not really available to the average user.

  • And it really, you know it's something that in 2018 we didn't see as much of but towards

  • the end of 2017 it was really obvious that in high traffic periods, upping that transaction

  • fee can really make a huge difference in when you're transaction arrives so i think that's

  • a great little feature.

  • But, anyways let's back out here.

  • One of the other things that i do really like about the ellipal app is it does have a market

  • watch so you can kind of eye this down here.

  • And it also has news which feeds in from cointelegraph a couple of other different providers so that

  • is a nice little feature of the app.

  • Now another thing with this that i think is a great little feature is that you of course

  • can create a new wallet here; or you can backup or restore via mnemonic phrase or private

  • key, but you can also actually restore via a QR code.

  • Which is a feature i haven't seen before but really is a great little feature because

  • it just speeds the process up a lot and yeah, it's just something interesting i haven't

  • seen before.

  • And also, with coin support; of course within Ethereum, so we can actually come in here

  • and it does have automated support for a huge number of ERC 20s which is great, because

  • I'm telling you if your sending Ethereum transactions, Erc20s are just a no-brainer to have access

  • to.

  • And amazingly I've seen a number of different devices that don't actually have that.

  • So anyways were gonna pull back here and kind of go over some pros and cons, and yeah!

  • Okay, just because i know this questions going to come up in the comments, let me run through

  • real quick so in terms of total coin support we've got Bitcoin, Ethereum, Bitcoin Cash,

  • Dash, Litecoin, Ethereum Classic, Digibyte, Ripple, and CMT.

  • Now mind you, it does also support Erc20s so I'm not gonna list off all those, there's

  • way too many Erc20s to actually go through that.

  • But all in all This is the first device I've reviewed in quite a while, really since the

  • Trezor that I just fully say this is a great device.

  • I love it, it is, the build, quality is incredible, it does seem to have the security that I'm

  • looking for in a hardware wallet and the nice thing is that it's not a USB connected.

  • It is kind of a hybrid with the way they do the signature transactions through the camera.

  • I really really just, i love the device.

  • Obviously i think the biggest cons are going to be the device size.

  • In a world where things are getting smaller and were already carrying your iphone or your

  • android phone or whatever...it is a bit big, there's no if's and's or but's about

  • that.

  • But in the end i really think it's worth the extra size.

  • The only other gripe i would have with it is the device updates are done via a micro

  • SD card.

  • And you actually install the update on this and then put it in the device.

  • Now its not particularly difficult but it's not the most intuitive things, and i think

  • one of the things with crypto is trying to take it mainstream.

  • So in the future I'd maybe like to see something where you can update directly through a usb

  • plug, butt you know, it is what it is; and i think the device really really kind of hits

  • all the nails on the head.

  • I really think the Ellipal guys just absolutely killed it with this.

  • Anyways I hope you guys enjoyed the video.

  • If you've got another hardware device you want us to check out leave us a comment, were

  • always looking for new and cool things in the crypto world to check out.

  • If you liked the video, give us a like, subscribe, and we'll see you next time.

Whats up everyone its Austin over here at the crypto playhouse and i have another hardware

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